Texas has a relatively high accident rate. In 2018, one reportable crash took place every
58 seconds on Texas roads. Every driver in Texas is required to carry car insurance, but the average rates vary based on location. In Plano, the average cost of car insurance is $589 for a full coverage policy and $1,819 for a minimum coverage policy, according to Bankrate’s 2022 study of quoted annual premiums.
Plano drivers who are shopping for car insurance in Texas have a wide variety of options. To help you find the best car insurance in Plano, we reviewed a number of providers based on average rates, coverage options, discounts and more.
Best car insurance companies in Plano
The best car insurance companies in Plano are Geico, Nationwide, USAA and State Farm. These companies stand out for their affordable rates, generous discounts, reliable coverage options and excellent financial strength ratings.
|Insurance company||J.D. Power score||Average annual premium for minimum coverage||Average annual premium for full coverage|
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions
Plano drivers who are looking for cheap auto insurance may want to consider Geico. The premiums are well below average and the company has a great customer satisfaction rating. Additionally, Geico offers some of the best car insurance discounts in the industry, with special savings for military personnel, federal employees, affinity group members, good students and having a vehicle with advanced safety features, among others.
Learn more: Geico Insurance review
If you want to customize your car insurance policy with endorsements, Nationwide is one of the best options in Plano. Nationwide sells a number of add-on policies, including roadside assistance, accident forgiveness, a total loss deductive waiver, gap insurance and a vanishing deductible. You can also take advantage of discounts if your car has an anti-theft device, or if you are a good student or have no accidents on your driving record.
Learn more: Nationwide Insurance review
USAA is consistently rated among the best car insurance companies in the United States, but you must be affiliated with the military in order to get coverage. USAA is known for its highly-rated customer service, something that can be hard to find in the insurance space. The company also offers affordable coverage and discounts for good students, safe drivers, garaging your vehicle on base, driving infrequently and bundling your policies.
Learn more: USAA Insurance review
State Farm is the largest car insurance provider in the country, with more than 16% of the total market share. State Farm is a popular car insurance provider for Plano drivers who want good discounts and reliable coverage. It is one of the only providers that offers two safe driver rewards programs, as well as coverages and discounts that are aimed at young drivers. State Farm is rated above average by J.D. Power for customer satisfaction and claims satisfaction.
Learn more: State Farm Insurance review
Cheapest car insurance in Plano
The average cost of car insurance in Plano is on par with the average rate in Texas, which is $1,823 per year for a full coverage policy. Additionally, drivers in Plano pay slightly more for car insurance than the average American driver, based on the U.S. national average rate of $1,674 per year for full coverage insurance.
Car insurance companies in Plano charge different rates for coverage. The following table includes the cheapest car insurance rates in Plano from the most popular carriers based on market share.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Drivers who are looking for cheap car insurance in Plano should avoid choosing a company based on premiums alone. For instance, USAA offers cheap coverage, but you must be affiliated with the military in order to get a policy. Geico and State Farm offer low rates, but the coverage options are pretty limited. All of these providers offer discounts, but the specific discounts available will vary.
Plano insurance requirements
Car insurance is a legal requirement in the state of Texas. Drivers in Plano are required to carry a minimum of 30/60/25 personal liability insurance, which includes the following coverages:
- $30,000 in bodily injury coverage per person
- $60,000 in bodily injury coverage per accident
- $25,000 in property damage coverage per accident
Drivers who want the cheapest car insurance in Texas are often tempted to purchase the least amount of coverage. However, insurance companies recommend that most drivers buy more coverage than what is required. If you cause an accident and your financial responsibilities exceed your policy’s limit, you have to pay the difference out of pocket.
Another thing to consider is that drivers who lease or finance their vehicle through a lender are often required to carry a full coverage policy until their loan is repaid. Full coverage insurance includes liability coverage, plus collision, comprehensive and medical payments insurance.
Car insurance discounts in Plano
To get the cheapest car insurance in Plano, search for car insurance companies that offer multiple discounts you can qualify for. Here are some of the most popular discounts you can find from insurance companies in Plano:
- Multi-vehicle discount: Drivers who add multiple vehicles to their insurance policy may qualify for a small discount.
- Automatic payment discount: If you opt into automatic payments, your insurance company may reward you with a slightly lower premium.
- Claim-free discount: If you have no recent claims, violations or accidents on your record, you may be able to get a discount on your policy.
- Vehicle safety discount: Vehicles equipped with modern safety features, like an anti-theft device or anti-lock brakes, may qualify you for discounts.
Frequently asked questions
What is the best car insurance company?
The best car insurance company varies, because it is different for every driver. For instance, Geico might be the best option for you, but Amica may be a better choice for your roommate. Before you choose a provider, make sure to shop around using your personal criteria and get a few quotes.
How much car insurance do I need in Plano?
Drivers in Plano are required to carry at least 30/60/25 personal liability insurance. However, raising your policy limits is recommended by insurance experts. Additionally, keep in mind that if you lease or finance your car, you may have to carry full coverage insurance until the loan term ends.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.